Published: January 15, 2010
Washington – Following the devastating earthquake that struck Haiti on January 12, Business Roundtable CEOs have committed, thus far, more than $17 million in cash and in-kind donations to help meet the urgent needs for the millions affected by the damage. Additionally, many member companies are encouraging their employees to become involved in the relief effort by setting up matching gift programs.
“Business Roundtable CEOs and our member companies are deeply saddened by the loss of life and infrastructure damage in Haiti,” said Michael T. Dan, Chairman, President and CEO of The Brink’s Company and Chair of Business Roundtable’s Partnership for Disaster Response.
To date, contributions have included:
In addition to matching the needs with the diverse assets companies can provide, Business Roundtable’s Partnership for Disaster Response is serving as an intermediary between the U.S. government, international relief agencies, including Mercy Corps, Save the Children and World Vision, as well as the American Red Cross about what is needed on the ground.
“We are overwhelmed by contributions that our member companies have made to the relief effort in Haiti, and we will continue to work closely with our partners and the U.S. government to determine the best way to help aid relief efforts in Haiti,” said John J. Castellani, President of Business Roundtable. Business Roundtable member companies have long been recognized as corporate leaders in the area of disaster relief.
Business Roundtable created the Partnership for Disaster Response following the Asian tsunami in 2004, and it was first activated after Hurricane Katrina. The strength of the Partnership is the relationships it has built between the corporate community, federal government and relief agencies.
A detailed list of Business Roundtable member companies’ donations to the Haiti relief effort is available at www.respondtodisaster.org.
Business Roundtable is an association of chief executive officers of leading U.S. companies with nearly $6 trillion in annual revenues and more than 12 million employees. Business Roundtable companies provide health care coverage to more than 35 million employees, retirees, and their families. Member companies comprise nearly a third of the total value of the U.S. stock markets and pay more than 60 percent of all corporate income taxes paid to the federal government. Annually, they return more than $167 billion in dividends to shareholders and the economy.
Business Roundtable companies give more than $7 billion a year in combined charitable contributions, representing nearly 60 percent of total corporate giving. They are technology innovation leaders, with more than $111 billion in annual research and development spending – nearly half of all total private R&D spending in the U.S.